Milan (PRWEB) July 05, 2011
Banca Akros, an Italian investment bank, has gone live on the SunGard Global Network (SGN), SunGard’s low-latency market data and order routing network, to provide direct access for international investors to SABE, the bank’s fixed-income smart routing facility. SGN can provide buy-side investors with order routing to Banca Akros. SABE then routes these orders for matching by the bank or at multiple competing trading venues, in order to deliver best execution.
Tullio Grilli, head of fixed income brokerage at Banca Akros, said, "SABE was the first smart order router in Italy. It went into operation on MiFID day one in 2007 and is now connected to more than 20 trading venues. We want to increase the visibility of both Banca Akros and SABE for international investors. We are pleased that the global investor community connected to SGN will now have direct access to SABE’s best execution capabilities."
Raj Mahajan, president of SunGard's global trading business, said, "There is increasing demand in the European fixed income markets to maximize access to available liquidity and improve execution quality. SABE is an innovative initiative that responds directly to this demand, and we are pleased to work with Banca Akros to leverage SGN and support the bank’s strategy of international expansion."
About Banca Akros
Banca Akros, investment and private banking arm of the Banca Popolare di Milano Group, is a point of reference for institutions, companies and private individuals operating on financial markets.
Banca Akros' investment banking activities include corporate finance, trading & treasury, equity brokerage, bond brokerage, bonds specialist activity on markets and the placement of stocks and bonds on financial markets. The private banking activity includes personalised asset management, order collection for operations on international financial markets and all the consulting and advisory activities that are tied to the management of client assets.
All the specialised businesses Banca Akros offers its clients are supported by a constant financial research activity.
About the SunGard Global Network (SGN)
A trade automation and connectivity solution, the SunGard Global Network links institutions throughout the financial services value chain, offering services for equities, fixed income, listed derivatives, mutual funds, money market funds and other cash equivalents. The SunGard Global Network helps automate the entire trade lifecycle from order execution through to post-trade processing. It provides access to 110 markets worldwide and connects the buy-side, third party networks, broker/dealers and investment companies, including more than 2,000 asset managers and 500 broker connections. Its international connectivity hubs also support low-latency market data delivery from global markets.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves more than 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and SGN are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders